Ninety One UK Ltd Has $56.86 Million Stake in Vale S.A. (NYSE:VALE)

Ninety One UK Ltd lowered its stake in Vale S.A. (NYSE:VALE) by 4.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,410,197 shares of the basic materials company’s stock after selling 266,225 shares during the period. Ninety One UK Ltd’s holdings in Vale were worth $56,858,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Ninety One North America Inc. raised its holdings in Vale by 0.7% in the 4th quarter. Ninety One North America Inc. now owns 2,820,592 shares of the basic materials company’s stock worth $25,019,000 after acquiring an additional 20,692 shares during the period. Caprock Group LLC bought a new position in shares of Vale in the fourth quarter worth about $1,336,000. Robeco Institutional Asset Management B.V. lifted its position in shares of Vale by 106.0% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 9,721,066 shares of the basic materials company’s stock worth $86,226,000 after purchasing an additional 5,001,228 shares during the last quarter. R Squared Ltd bought a new stake in Vale during the 4th quarter valued at approximately $41,000. Finally, Pacer Advisors Inc. grew its holdings in Vale by 10.1% in the 4th quarter. Pacer Advisors Inc. now owns 204,347 shares of the basic materials company’s stock valued at $1,813,000 after buying an additional 18,782 shares during the last quarter. Institutional investors own 21.85% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on VALE shares. Jefferies Financial Group reduced their price objective on Vale from $14.00 to $11.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Wolfe Research raised shares of Vale from an “underperform” rating to a “peer perform” rating in a report on Wednesday, January 8th. Morgan Stanley downgraded shares of Vale from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $14.50 to $11.30 in a report on Thursday, December 12th. UBS Group cut shares of Vale from a “buy” rating to a “neutral” rating and reduced their target price for the company from $14.00 to $11.50 in a research note on Monday, November 11th. Finally, Barclays lowered their price target on Vale from $16.00 to $15.25 and set an “overweight” rating on the stock in a research note on Wednesday, December 4th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $13.89.

Vale Price Performance

Vale stock opened at $9.43 on Wednesday. The business has a 50 day simple moving average of $9.11 and a 200 day simple moving average of $10.08. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.91 and a quick ratio of 0.58. The company has a market capitalization of $42.78 billion, a PE ratio of 4.36, a price-to-earnings-growth ratio of 0.29 and a beta of 0.91. Vale S.A. has a one year low of $8.38 and a one year high of $13.77.

Vale Company Profile

Vale SA, together with its subsidiaries, produces and sells iron ore and iron ore pellets for use as raw materials in steelmaking in Brazil and internationally. The company operates through Iron Solutions and Energy Transition Materials segments. The Iron Solutions segment produces and extracts iron ore and pellets, manganese, and other ferrous products; and provides related logistic services.